Pretty straight forward. You can't be taxed on a prize. If you're offering a prize that is exempt from capital gains too. Hmrc may contest this.I may need to speak to your friend at some point as my solicitors weren't 100% clear on the tax implications on initial inspection.
If only Camelot offered these odds.Done! Got to be worth a punt aye!
Too right, quite fancy a nice holiday pad in the north west!If only Camelot offered these odds.
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